Business

HP Inc. and Hewlett Packard Enterprise Seek Relevance Through Spinoff

On Monday morning, Meg Whitman will ring the bell at the New York Stock Exchange as the brand-new company she will lead, Hewlett Packard Enterprise Co., begins trading. The company says it will be focused on four key areas that are "fundamental" to enabling business transformation and future growth, and represent an estimated total addressable market of more than US$1 trillion.

Business

Pfizer in Acquisition Talks with Allergan

Pfizer shares dipped almost 2 percent to $34.78. It was purchased by Actavis , which took on the Allergan name. Allergan , which makes Botox, jumped... But betting on political inaction on inversions is risky. THE EARLY SCORE: The Dow Jones industrial average slipped 54 points, or 0.3 percent, to 17,725 as of 11:30 a.m.

Business

China's manufacturing contracts for third straight month

The official manufacturing purchasing managers' index came in at 49.8, the same pace as September, although any reading below 50 implies that the sector is shrinking. China has already cut interest rates six times since last November to boost its economy, which is forecast this year to grow at its slowest annual pace in a quarter of a century, but more actions may be needed to stimulate growth.

Business

Prosecutors: Couple Illegally Sold $10 Million Worth Of Oxycodone Out

So the DEA conducted an audit of Chopin Brooklyn in 2013 - and found that more than 400,000 pills had been handed out to customers without prescriptions. An indictment said the two collected hundreds of thousands of dollars in cash payments by illegally selling the pills to among others Robert Cybulski, a Staten Island resident who was one of the largest purchasers and was likewise arrested.

Business

KeyCorp Agrees to Buy First Niagara Financial For $4.1 Bln

Presently the company Insiders own 0.9% of First Niagara Financial Group Inc . shares according to the proxy statements. It is one of the biggest bank tie-ups of the year and further solidifies 2015 as the biggest year for bank deals since the financial crisis.

Business

Nokia's China Mobile deal worth $1 billion

The increases came even though both companies flagged revenue declines, in constant-currency terms, during the third quarter, with Alcatel-Lucent blaming impairment charges at its submarine networks business for a widening of net losses. Nokia Networks is the telecommunications equipment subsidiary of former mobile phone giant Nokia Corp, which is listed in Helsinki and New York. Operating margins for the Networks segment, the main segment for Nokia, expanded around 2 percentage points ...